BMW Business Leasing

Personal Contract Hire - the perfect choice

Personal Contract Hire is simply car leasing for individuals. Like business leasing, it is a form of finance. You pay an initial payment and then rent the car from the finance company for the duration of the lease.

You choose the contract term - usually 24, 36 or 48 months - make the initial rental payment which is usually three times the monthly rental cost, decide how much annual mileage you expect to do and whether you want to include servicing and maintenance in the monthly cost. 

How much you pay each month can be tailored around how long you want to lease the vehicle for, your estimated annual mileage and the size of the deposit you put down. Generally speaking, a longer rental period, low annual mileage and a bigger initial rental, can all help reduce the monthly cost.

Personal Contract Hire can be a good option if you take a company car allowance as it’s easy to find a car within your budget, costs are fixed and it could allow you to drive a vehicle that might be beyond your budget to buy.